‘Overstretched’ FinCEN needs technological innovation and more funding, says think tank
The Financial Crimes Enforcement Network (FINCEN) in the United States needs more funding and a ‘Manhattan Project’ to develop new technologies in order to be more effective against money laundering, a think tank has said.
FATF executive secretary calls for end to AML ‘box-ticking’ culture
The executive secretary of the Financial Action Task Force has said there is a need to ensure Anti Money Laundering (AML) professionals “stop just ticking boxes”
EBA updates guidelines on AML/CTF risk factors
The European Banking Authority has published revised detailed guidance on Anti Money Laundering (AML) and Counter-Terrorism Financing (CTF) risk factors.
Blaming company formation agents misses the bigger picture about AML in the UK
The National Crime Agency is planning a crack down on company formation agents as part of an AML drive. However, John Binns argues the problems are due to more significant holes in the UK’s financial crime safety net
How your bank can protect a herd of elephants in Botswana’s Okavango Delta
Erik Stretz outlines what Europe’s banks must do to help fight the illicit trade of wildlife
£4.5bn of unreported cash identified in UK as criminals exploit ‘cottage industry’ of shadowy company formation
A ‘cottage industry’ of company formation agencies is helping criminals launder billions of pounds in the UK, with £4.5billion of unreported income identified between 2012 and 2017, a report has revealed.
Crown Resorts deemed unsuitable to run $2.2bn Sydney casino due to money laundering concerns
Crown Resorts deemed unsuitable to run $2.2bn Sydney casino due to money laundering concerns
Using FTK Imager: The Free Forensic Imaging Tool
Forensic imaging is essentially a ‘scene of crime’ process for digital information preservation. Decisions made while imaging can affect the entire investigation and could make or break your case. Join Sarah Hargreaves, Director of Training at AccessData - an Exterro Company, for an informative webinar on FTK® Imager, one of the most popular imaging tools on the market.
FinCrime Job Focus: Neil Downing, Vice President, Products, TMT Analysis
In our latest reader-submitted Q&A, Neil Downing talks about developing new products in a changing industry
FinCrime Job Focus: Andy Mason, Head of Customer Operations & Financial Crime, Mettle
In our Q&A this week, Andy Mason talks about sharing information, technology and the importance of being laser-focused on your priorities
FinCrime Job Focus: Jane Jee, chief executive, Kompli-Global
In our latest reader-submitted Q&A Jane Jee argues that technology can make a significant difference in the fight against financial crime
Seven things we learnt from the FinCrime World Forum
A round-up of the key talking points and takeaways from this week’s global live stream experience.
Regulatory Focus
Regulatory Focus with Michelle Crotty, Chief Capavility Officer at Serious Fraud Office
Sharing Experience Across Industries
A panel of speakers present and then discuss both the specific issues related to their three different sectors – fintech; investment management and cryptocurrency - and also those challenges they have in common.
The FinCrime Team of the Future
Compliance today is not a 9 – 5 job. FinCrime teams can no longer simply get away with knowing what the regulations are and following what’s required of them.
Fighting Financial Crime in a Changed World
UK Finance reports that “economic crime costs the UK nearly £7 billion a year” with this figure expected to rise as fraudsters continue to use the coronavirus pandemic as an opportunity to exploit both businesses and consumers alike, with sophisticated COVID-19 and lockdown themed scams.
FinCrime Futures- The EU and Brexit
The uncertainty surrounding the implications of Brexit and the future relationship between EU and UK is writ large in the field of financial crime compliance this year.
A Conversation with Payson Johnston and Anton Zdziebczok
We talk to Payson Johnston, CEO & co-founder of Crowdz, a FinTech company based in Silicon Valley, focused on revolutionising invoice financing for SMEs and helping businesses get paid faster.
A Step into The Regulatory Unknown
Almost two decades on from the al Qaeda terrorist attacks (9/11) the Financial War on Terrorism continues to gather pace following the introduction of a series of international counter-terrorism financing legislative provisions
Crypto analytics firm CipherTrace files patents for technology to trace privacy coin Monero
Cryptocurrency risk intelligence and analytics firm CipherTrace has filed two patents for technology to trace transactions for privacy coin Monero (XMR).
Trust, privacy and combatting crime: the tech behind Singapore’s facial recognition ID scheme
Singapore is to become the first government in the world to grant citizens access to services online using facial verification and UK-based provider iProov has won the contract. FinCrime Report speaks to the firm’s founder Andrew Bud about the technology and issues of privacy, anti-money laundering, security and trust.
FinCrime Job Focus: Matthew Redhead, researcher and writer
In our latest reader-submitted Q&A Matthew Redhead explains how financial crime can get the emotional juices flowing
